07/20/2023
Cash handled by mobile money agents drops Sh76bn
The weakening of the Kenyan shilling against major global currencies has led to a high cost of imports that has in turn led to an increase in the cost of goods.
FinTech
07/19/2023
Elon Musk’s satellite data firm enters Kenya market
Users will be able to engage in common internet activity
07/18/2023
Safaricom gears up for satellite data services
Texas-based AST SpaceMobile is building the first space-based mobile broadband network accessible directly by standard mobile phones.
07/17/2023
GTBank apologises for issues with mobile app update
GTBank was trending for the same issue
07/13/2023
Digital Lending: FCCPC Insists On Deletion of Operators’ Apps over Defamation, Harassment
The FCCPC Boss also spoke on involving the use of AI to boost the processes involved in money lending by these online banks, saying FCCPC will regulate its application to forestall abuse of consumer rights.
07/10/2023
The future of Pay by Bank in South Africa
A large part of the rising demand coming from South African consumers has been a desire for easier, faster and more secure ways to pay.
07/10/2023
Bank customers lose N472m to fraudsters in three months –Report
The FITC data also revealed that there was a 79.44 per cent decrease in the total amount involved in fraud cases in Q1 2023 compared to the previous quarter, with a decrease from N12.58bn to N2.59bn.
07/10/2023
Govt to shut online banks pestering debtors
The Chief Executive Officer of the FCCPC, Babatunde Irukera, said the commission was ready to permanently shut down the activities of these apps.
07/07/2023
Collaboration will drive cashless adoption – Remita MD
“collaboration among stakeholders will create revolutionary technology that made financial transactions easier and more accessible.”
07/03/2023
SA data warehouses move to cloud for cost savings, analytics and scale
“When the cloud frenzy first started, everyone thought it would be significantly cheaper. But the South African market has matured, they understand the need for cost optimisation and careful management.”
06/30/2023
TerraPay and Attijariwafa Bank Bring Real-Time Money Transfers to Bank Accounts in Morocco
The collaboration will also see TerraPay leverage Attijariwafa Bank’s expertise in person-to-person payments
06/30/2023
Banks grow e-banking revenue to N96bn – Report
This was an increase of 23.84 per cent from the N77.91bn recorded in the previous quarter of 2022.
06/29/2023
UBA introduces Nigeria’s first Braille bank account for the blind
They’ll be able to start and finish the account opening process independently.
06/29/2023
Open banking seen boosting Nigeria’s fintech growth
“By embracing open banking, traditional banks can stay competitive and offer new and improved financial products and services to their customers,” it said.
06/27/2023
Microsoft Surface – The ultimate tech ecosystem for South African businesses
It also gives companies greater insight into each device’s health, including whether all appropriate security measures are in place and working appropriately.
06/26/2023
Flutterwave Partners with Microsoft to Accelerate African Payments Infrastructure on Azure
The five-year partnership between the pair presents an opportunity to foster growth and impact across the continent.
06/23/2023
Airtel Africa ready to list Kenya unit on NSE as licensing condition
The listing will see Kenyans trade shares in the second-largest telco in the country dominated by Safaricom.
06/21/2023
Johannesburg Stock Exchange expands cloud-based colocation services offering
Clients will gain the ability to access on-demand private cloud computing and low-latency analytics packaged within Colo 2.0
06/14/2023
Court freezes 45 bank accounts of Nigerian tech firm Flutterwave
The Nigerian nationals have sued Flutterwave, naming six financial institutions that hold the company’s funds as interested parties.
06/08/2023
Co-op Bank migrates to Sh7bn Finacle system
The new system was built by Infosys Limited—an Indian multinational IT company.